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August 01, 2008
7 {* {, v( s5 M8 {# J$ B1 ?Weekly Update on the Edmonton Real Estate Market* d' |0 ^* j6 j! e7 Y$ y' R
3 G' b' R! f7 K' R& oWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
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& \1 P+ V' {, T1 {' k# JNew listings: 528 (476, 599, 617)
" m, [ X3 g8 T! T' T: J# Sales: 296 (286, 293, 254)1 z& D+ |* `' V G) P
Ratio: 56% (60%, 49%, 41%)7 Q+ v7 n' @7 z
# Price changes: 466 (480, 554, 511)
) i% A7 `6 e2 G+ H# Expired Listings: 608 (162, 270, 261)
) \6 ]9 s2 e; a' @# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)) \: W, G% }# W3 p! k8 J
Net loss/gain in listings this week: -418 (-35, -29, 47)8 q2 t2 ~( H+ F9 v! n$ N
Active listings for single family homes: 4007 (4206, 4236, 4242)
0 ^7 n* j9 P' s, MActive listings for condos: 2708 (2914, 2910, 2901)
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* b* B+ S7 K. gI know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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5 w0 H! B$ j- ]/ ?% I$ _# k; z# S* xFor now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall. |
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